Cargill was born 24 September 1920, in Los Angeles, the granddaughter of W. W. Cargill, and grew up in the Midwest. She earned a degree in arts education from the University of Minnesota and moved to Southern California. She died from complications of chronic obstructive pulmonary disease on 1 August 2006 at her home in La Jolla, San Diego, California.
Cargill was one of eight heirs to the Minneapolis based grain-trading conglomerate Cargill. The business was established by her grandfather, William Wallace Cargill, in 1865 and has grown to become one of the largest private companies, with interests in agricultural commodities, food production, and financial and industrial products and services. Forbes Magazine listed her in 2005 as the 164th richest American, with a net worth of $1.8 billion. She was a major donor to the American Red Cross, the Nature Conservancy, the Smithsonian Institution's National Museum of the American Indian and the American Swedish Institute.
She gave away more than $200 million, most of it in the period between 1990 and her death in 2006, and always anonymously. She established the Anne Ray Charitable Trust which provides grants for charitable and educational programs and scholarships. She provided that, after her death, the Margaret A. Cargill Foundation would use her wealth (Cargill stock) for charitable purposes. In 2011 her assets were finally liquidated, forming a $6 billion dollar donation to the Anne Ray Charitable Trust and the Margaret A. Cargill Foundation, in Eden Prairie, MN.
The Margaret A. Cargill Foundation, established with this bequest, will support a wider array of causes, such as animal welfare; arts and culture; care for the elderly, children, and their families; the environment; and other causes.
Those who knew Ms. Cargill describe her as a quiet donor who loathed public recognition for her largess.
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